Umbrella insurance is a type of coverage that is designed to work with the other policies that you maintain. The limits on this category of indemnification tend to be higher than what is offered on standard insurance. If you make a claim and the provisions on your primary policy are exhausted, your umbrella insurance is designed to pick up expenses at that point.
Why Business Umbrella Insurance?
Business owners often choose to purchase umbrella insurance when their companies house inventory that exceeds the maximum levels of their commercial property insurance. It’s also generally recommended that entrepreneurs examine risks inherent to their industry to determine the type and amount of indemnification they need to buy.
Companies that are exposed to greater risk due to operating expensive equipment or fleets of vehicles often opt for this protection as well. Your McCluskey Insurance Services LLC agent can give you more information and answer any questions you may have.
Umbrella insurance is completely voluntary and is not a requirement for those who live in Cincinnati, OH. It is an option that homeowners choose when their property has design features or rare possessions, such as antiques, that are difficult or costly to replace. Umbrella insurance for renters is similar in that it can insure your valuables to a higher degree.
Landlords also benefit from this coverage, particularly if they own more than a rental. Boaters with pricey watercraft may need a higher cap when it comes to safeguarding their investment, as boating accessories can add significant value to their vessel.
Contact Us Today
McCluskey Insurance Services LLC aims to support our Cincinnati, OH clients’ insurance needs, as we endeavor to safeguard them from financial loss. Stop by our office to discuss your situation in further detail, or we can be reached by phone or online.
